I am hoping to learn about managing my own property and how to get tenants. 

I’m passionate about real estate and am working towards building my investment portfolio, with a goal of acquiring five rental properties over the next five years.I’m here to connect with like-minded individuals, learn from experienced investors, and share knowledge along the way.

I am learning a lot about the business that, had I not gone through this process, I wouldn’t have learned nearly as much.

Lessons learned?

You can definitely do it yourself and learn faster that way.

BiggerPockets website is good for the American market (mostly) but you will also find lots of Canadians on here and some good info on the Canadian market just by searching.There are worthwhile local West Coast resources for learning real estate investing in general and the Canadian and Vancouver markets in particular.

You can probably spend much less time touring and learning new things than you would in an otherwise unfamiliar market: laws, neighborhoods, tax considerations, etc.Scenario 2: Stay in Place & Buy an Out-of-State Multi-Family Property1. 

At NREIG, we strive to provide clear and comprehensive communication about the coverage options available to our clients.

Skipping Toy Shop SchoolTo open a shop, you need to learn the rules, take a class, pass a test, and even keep learning as new toy trends pop up.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.